Renovated Duplex with Rooftop
New
For Sale
$5,775,000
33 IRVING Place, Brooklyn, NY 11238
A garden-level two-bedroom apartment provides a separate living area within the multi-level residence.
Property Size4,700 SF
Price / SF$1,228
Days on Market5
Property Features for 33 IRVING Place
General Information
Standard status
Active
Size
4,700 SF
Property subtype
Multi Family
Units
Unit Mix
2BR/1BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$5,016
Amenities
garden
private balcony
rooftop terraces
Building Details
Building Size
4,700 SF
Year Built
1899
Buildings
1
Listing Agency:
Serhant
Listed By:
Ravi Kantha
(914) 224-2191
Source:
Penrealty
Added: Oct 16
Changed: Oct 19
Last Checked: Oct 19 at 8:03AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Serhant
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Investment Insights
Based on property information with market context.
This renovated duplex spans approximately 4,700 square feet across multiple levels and measures 20 feet wide. The main living floor includes a custom kitchen, dining area, and living space that opens to a private balcony. A landscaped garden extends the outdoor areas, while the newly built penthouse level offers flexible living space with access to rooftop terraces.
The garden floor contains a separate two-bedroom, one-bathroom apartment. Above it, the primary suite has a walk-in closet, office, and private bathroom; three additional bedrooms and two bathrooms occupy the upper levels. The property is at 33 Irving Place in Clinton Hill, near DeKalb and Myrtle Avenues, Fort Greene Park, and the Brooklyn Academy of Music.
The garden floor contains a separate two-bedroom, one-bathroom apartment. Above it, the primary suite has a walk-in closet, office, and private bathroom; three additional bedrooms and two bathrooms occupy the upper levels. The property is at 33 Irving Place in Clinton Hill, near DeKalb and Myrtle Avenues, Fort Greene Park, and the Brooklyn Academy of Music.
Key Highlights
- Approximately 4,700 square feet of interior space across multiple levels
- 20 feet wide
- Separate garden‑level apartment with 2 bedrooms and 1 bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$164,602
Cap Rate
2.85%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,292,040
$3.3M
Cap Rate 7%
$2,351,457
$2.4M
Cap Rate 9%
$1,828,911
$1.8M
Market Conditions
NOI Build-Up for 4,700 SF
Gross rent
$239.7K $51.00/SF
− Vacancy
−$4.6K −$0.97/SF
EGI
$235.1K $50.03/SF
− OpEx
−$70.5K −$15.01/SF
NOI
$164.6K $35.02/SF
Area
Brooklyn, NY
Vacancy
1.90%
Lease Rate
$51.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,292,040
Cap Rate 7%
$2,351,457
Cap Rate 9%
$1,828,911
Alternative Uses
Best Use
Multifamily LT 5
$2.35M
$2.06M – $2.74M
NOI $164,602 @ 7.0% cap · market cap 2.85%
Second Best
Apartment 5plus
$2.05M
$1.79M – $2.39M
NOI $143,486 @ 7.0% cap · market cap 2.48%
Theoretical Best
Specialty Retail
$3.89M
$3.41M – $4.54M
NOI $272,412 @ 7.0% cap · market cap 4.72%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
6,107
Businesses Nearby
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Business Placement
Demographics for 11238, NY
60,090
Population
29,588
Households
2
Avg Household Size
35
Median Age
71%
College-Educated
93%
High-School Grad
1.8 sq mi
ZIP Area
33,383
Density / Sq Mi
$132,957
Median Household Income
$85,179
Median Earnings
$2,511
Median Rent
$1,146,000
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - A garden-level two-bedroom apartment provides a separate living area within the multi-level residence.
Where is this duplex located?
The property is located at 33 IRVING Place Brooklyn, NY.
What is the asking price?
The asking price for this property is $5,775,000.
What are key features of this property?
This property features: Approximately 4,700 square feet of interior space across multiple levels; 20 feet wide; Separate garden‑level apartment with 2 bedrooms and 1 bathroom
